- Aug 8, 2012
- 1,235
- 541
There is a problem with the way you calculated this.Ok, lets say you'll be able to get $500 for these on ebay. You paid $180+ tax so your looking at about $300 profit before ebay, paypal, & shipping. 12% of $300 is $36 so now your left with $264. Shipping is also another $22 or so depending on wher its going so now your left with $242. $242/ say 4 days of camping is $60 a day. Minimum wage in Cincinnati Ohio is $7.85 so if your working 8 housrs a day thats $62.80 per day before taxes. AT $7.85 an hour and working full time that would put them in the 15% tax bracket. So after taxes these guys would make $53.38 at a minimum wage job. $60>$53.38 Maybe these guys are smarter than we think?????
Ebay takes their cut off the final sale. Paypal does also.
$500 (final sale price) - 13% (ebay + paypal fees) = $435
$435 - $200 approx (cost of shoes) = $235
$235 - $22 (shipping) = $213 (profit)
$213 / 4 (days of camping) = $53.25 per day of camping
$53.38 (minimum wage) > $53.25
Mind you that is for 32 hours of working compared to 96 hours of camping.